{"id":14695,"date":"2018-06-08T13:12:02","date_gmt":"2018-06-08T11:12:02","guid":{"rendered":"https:\/\/hihinvest-gyeegbg7hxdxf8d4.a01.azurefd.net\/warburg-hih-invest-acquires-local-convenience-centre-in-bielefeld\/"},"modified":"2025-02-13T22:56:57","modified_gmt":"2025-02-13T21:56:57","slug":"warburg-hih-invest-acquires-local-convenience-centre-in-bielefeld","status":"publish","type":"post","link":"https:\/\/hih-invest.de\/en\/warburg-hih-invest-acquires-local-convenience-centre-in-bielefeld\/","title":{"rendered":"Warburg-HIH Invest Acquires Local Convenience Centre in Bielefeld"},"content":{"rendered":"<ul>\n<li>Property earmarked for a new institutional fund with focus on non-discretionary retailing  <\/li>\n<li>Lease of head tenant REWE runs through mid-2030<\/li>\n<\/ul>\n<p><strong>Hamburg, 8. June 2018<\/strong> \u2013 Warburg-HIH Invest Real Estate just acquired a fully occupied local convenience centre in the German city of Bielefeld for its open-ended special AIF \u201cWarburg-HIH Perspektive Einzelhandel: Fokus Nahversorgung.\u201d Redeveloped in 2012, the Nordpark-Center at the edge of Bielefeld\u2019s inner city has a gross lettable area of 7,158 square metres and 147 parking spots. Its main tenant is the food multiple REWE on 2,005 square metres on a lease that will run through mid-year 2030. Other occupiers include the drugstore chain \u201cdm\u201d and a \u201cdenn\u2019s\u201d organic supermarket. It was agreed not to disclose the purchase price. \u201cThe listed property is surrounded by middle-class residential areas and serves as one of the main non-discretionary retail venues in the area,\u201d said Jens Nagelsmeier, Head of Retail Transaction at Warburg-HIH Invest. \u201cBielefeld lies inside one of Germany\u2019s fastest-growing economic regions. Aside from being home to a renowned university, the city is also known for its manufacturing sector, with the food and beverage industry, the print and textile industries, as well as by the building industry and the mechanical engineering sector particularly prominent, while its population is subject to sustained growth.\u201d  <\/p>\n<p> The \u201cWarburg-HIH Perspektive Einzelhandel: Fokus Nahversorgung\u201d open-ended special AIF has a target volume of 400 to 450 million euros and is intended to invest in retail property in German growth regions, the contemplated single-asset size being ten to 40 million euros. The minimum subscription amount is five million euros. So far, the portfolio includes acquisitions in three locations and another asset acquired in Aachen.<\/p>\n<blockquote  class=\"blockquote\"><p> <em> \u201cThe listed property is surrounded by middle-class residential areas and serves as one of the main nondiscretionary retail venues in the area. Bielefeld lies inside one of Germany\u2019s fastest-growing economic regions. Aside from being home to a renowned university, the city is also known for its manufacturing sector, with the food and beverage industry, the print and textile industries, as well as by the building industry and the mechanical engineering sector particularly prominent, while its population is subject to sustained growth.\u201d<\/em> <\/p>\n<p><strong>Jens Nagelsmeier, Head of Transaction Management Retail<br \/> Warburg HIH Invest<\/strong><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Property earmarked for a new institutional fund with focus on non-discretionary retailing Lease of head tenant REWE runs through mid-2030 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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